Latin America Hazardous Location Motors Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 5.10 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Latin America Hazardous Location Motors Market Analysis
The Latin America Hazardous Location Motors Market is expected to register a CAGR of 5.1% during the forecast period (2021-2026). The increasing demand for hazardous location motors in utility gas plants, grain elevators, flour and feed mills, carbon handling, and processing areas is rendering significant impetus to the growth of the market in the region.
- When operating in a hazardous location, the use of explosion-proof motors is critical for the safety of personnel and equipment. Explosion-proof motors are intended for use in hazardous environments containing flammable gases, dust, or fibers.
- Under normal operating conditions, electric motors generate heat and have the potential to generate a spark if a motor coil fails. Excessive motor case temperatures or an uncontained spark can cause an explosion or ignite a fire in environments containing specific hazardous materials. Hazardous location motors contain an explosion within the motor casing and prevent the occurrence of sparks.
- However, designing and manufacturing motors that completely engulf an internal explosion without rupturing or passing out any hot gases from the enclosure so that they are forced to exit through a long, narrow opening known as flame paths are the two significant challenges faced by hazardous location motors market.
- Further, the Covid-19 pandemic has also posed several challenges to the studied market, like disruption in the supply chain and increased raw materials prices.
Latin America Hazardous Location Motors Market Trends
This section covers the major market trends shaping the Latin America Hazardous Location Motors Market according to our research experts:
The Oil and Gas Segment is Expected to Hold a Major Market Share
- The workers in oil and gas industries are exposed to risks like fire and explosion due to the ignition of flammable vapors or gases. Flammable gases, such as vapors, well gases, and hydrogen sulfide, can be released from trucks, wells, production equipment, or surface equipment such as tanks and shale shakers. Ignition sources can include static, open flames, electrical energy sources, lightning, cutting and welding tools, cigarettes, hot surfaces, and frictional heat.
- Regular electric motors are prone to explosions when used in situations containing flammable elements such as oil and gas fumes or liquids, as they could produce high surface temperatures or sparks. The implications could vary from modest production interruptions to serious injury and even death.
- There is an upward trend in the Latin American region's production as well as consumption of oil and gas resources. According to Baker Hughes, the number of oil and gas rigs as of October 2021, Latin America had 152 oil rigs, of which 33 were offshore rigs.
- Further, according to Energy Information Administration (EIA), With almost 3.8 million barrels of crude oil, natural gas plant liquids (NGPL), and other associated liquids produced per day in 2020, Brazil was the most significant petroleum-producing country in Latin America and the Caribbean. Mexico came in second with 1.9 million barrels per day that year. After a downturn due to the COVID-19 pandemic, the oil and gas industry in the region is witnessing steady growth.
- Resultantly, the class-I hazardous location motors, which are designed so that their motor case temperatures do not exceed safe temperatures for environments where combustible gases, vapors, or liquids are present, are increasingly being adopted in the region.
Class II Hazardous Location Motors are Expected to Drive the Market
- Methane and coal dust are two of the most common explosive hazards in coal mines. When a buildup of methane gas comes into contact with a heat source, and there is insufficient air to dilute the gas level below the point of explosion, methane explosions occur.
- Similarly, fine particles of coal dust in the right concentration can be explosive when they come into contact with a source of heat. It is also possible to have hybrid explosions caused by a combination of methane and coal dust.
- The grain and milling industries are two of the most common sources of dust explosions. Flour may appear harmless, but when it is distributed in high concentrations in the air and combined with an ignition source, confined space, dispersion, and oxygen, it causes an explosion. The milling activities in the region are in an upward trend, which provides lucrative opportunities for the growth of the studied market.
- For instance, according to USDA foreign agricultural service, Brazil is a prominent milled rice producer in Latin America, with an estimated output of nearly 7.5 million metric tons in 2020; Peru followed with a production of 2.4 million tons and is expected to rise during the forecast period.
- Class II hazardous location motors, which reduce heat produced by operating at a lower current rating and employ other failsafe methods such as thermostats that disengage the motor power before it reaches critical temperatures to limit an excessive motor case temperature condition, are becoming more popular in the region.
Latin America Hazardous Location Motors Industry Overview
The North America Hazardous Location Motors market is moderately competitive with significant players like Brook Crompton, Stainless Motors, Inc., Dietz Electric Co., Inc., Emerson Electric Co., WEG Industries, etc. The players in the market must focus on technological innovations and strategic collaborations to expand their market share.
Latin America Hazardous Location Motors Market Leaders
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Rockwell Automation, Inc.
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ABB Ltd
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Dietz Electric Co., Inc.
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Nidec Motor Corporation
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Brook Crompton
*Disclaimer: Major Players sorted in no particular order
Latin America Hazardous Location Motors Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Study Assumptions and Market Definition
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1.2 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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4. MARKET INSIGHTS
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4.1 Market Overview
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4.2 Industry Attractiveness - Porter's Five Forces Analysis
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4.2.1 Bargaining Power of Suppliers
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4.2.2 Bargaining Power of Consumers
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4.2.3 Threat of New Entrants
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4.2.4 Threat of Substitute Products
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4.2.5 Intensity of Competitive Rivalry
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4.3 Technology Snapshot
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4.4 Assessment of the Impact of COVID-19
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5. MARKET DYNAMICS
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5.1 Market Drivers
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5.1.1 Growing Safety Measures
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5.1.2 Increasing Demand for Energy Efficient Motors
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5.2 Market Restraints
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5.2.1 Regulations & Compliance
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5.2.2 High Installation Cost for Material and Labor in Comparison to Non-Explosion Proof Motors
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6. MARKET SEGMENTATION
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6.1 By Type
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6.1.1 Explosion-Proof General Purpose Motors
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6.1.2 Drill Rig Duty Motors
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6.1.3 Explosion-Proof Pump Motors
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6.1.4 Explosion-Proof Inverter Duty Motors
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6.1.5 Explosion-Proof Severe Duty Motors
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6.2 By Class
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6.2.1 Class I
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6.2.2 Class II
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6.2.3 Class III
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6.3 By Division
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6.3.1 Division 1
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6.3.2 Division 2
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6.4 By Zone
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6.4.1 Zone 0
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6.4.2 Zone 1
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6.4.3 Zone 21
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6.4.4 Zone 22
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6.4.5 Zone 20
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6.5 By Applications
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6.5.1 Spray Painting and Finishing Areas
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6.5.2 Petroleum Refining Plants
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6.5.3 Dry Cleaning Facilities
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6.5.4 Utility Gas Plants
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6.5.5 Grain Elevators and Grain Handling Facilities
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6.5.6 Flour Mills
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6.5.7 Aluminum Manufacturing and Storage Areas
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6.5.8 Fire Work Plants and Storage Areas
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6.5.9 Confectionary Plants
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6.5.10 Other Applications
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6.6 By Country
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6.6.1 Brazil
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6.6.2 Mexico
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6.6.3 Rest of Latin America
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7. COMPETITIVE LANDSCAPE
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7.1 Company Profiles
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7.1.1 Brook Crompton
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7.1.2 Stainless Motors, Inc.
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7.1.3 Dietz Electric Co., Inc.
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7.1.4 Emerson Electric Co.
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7.1.5 WEG Industries
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7.1.6 Rockwell Automation, Inc.
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7.1.7 Nidec Motor Corporation
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7.1.8 Kollmorgen Corporation
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7.1.9 ABB Ltd
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7.1.10 Heatrex Inc.
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8. INVESTMENT ANALYSIS
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9. FUTURE OF THE MARKET
Latin America Hazardous Location Motors Industry Segmentation
The Latin America Hazardous Location Motors Market is Segmented by Type (Explosion-Proof General Purpose Motors, Drill Rig Duty Motors, Explosion-Proof Pump Motors, Explosion-Proof Inverter Duty Motors, Explosion-Proof Severe Duty Motors), Class (Class I, Class II, Class III), Division (Division 1, Division 2), Zone ( Zone 0, Zone 1, Zone 21, Zone 2, Zone 22), Applications (Spray Painting and Finishing Areas, Petroleum Refining Plants, Dry Cleaning Facilities, Utility Gas Plants, Grain Elevators and Grain Handling Facilities, Flour Mills, Aluminum Manufacturing and Storage Areas, Fire Work Plants and Storage Areas, Confectionary Plants), and Country.
Hazardous location motors are intended to improve workplace safety by containing explosions within the motor. Different motors are used to meet the needs of various settings and applications. Class I motors are used for settings concerning gases, vapors, or liquids, while Class II motors are intended for areas containing dust. Flammable lint or fibers in the area, such as textile, sawdust, etc. Further, combustible elements are always present or are present regularly in Division I locations, and In Division II locations, they are found in operator-handled containers or storage tanks that could spill or leak in the event of equipment failure.
Latin America Hazardous Location Motors Market Research FAQs
What is the current Latin America Hazardous Location Motors Market size?
The Latin America Hazardous Location Motors Market is projected to register a CAGR of 5.10% during the forecast period (2024-2029)
Who are the key players in Latin America Hazardous Location Motors Market?
Rockwell Automation, Inc., ABB Ltd, Dietz Electric Co., Inc., Nidec Motor Corporation and Brook Crompton are the major companies operating in the Latin America Hazardous Location Motors Market.
What years does this Latin America Hazardous Location Motors Market cover?
The report covers the Latin America Hazardous Location Motors Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Latin America Hazardous Location Motors Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Latin America Hazardous Location Motors Industry Report
Statistics for the 2024 Latin America Hazardous Location Motors market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Latin America Hazardous Location Motors analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
